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Funding Societies 31
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Your investment in Funding Societies contributes to the development of SMEs in Indonesia, which account for 97% of employment. Your investment provides growth capital to 8 companies, enabling them to achieve their ambitions and strengthen prosperity and job creation in the region.
€50,000
6.00%
18 months
6 months
EUR
CurrencyAmount | €50,000 |
Interest | 6.00% |
Maturity | 18 months |
Repayments | 6 months |
Currency | EUR |
The project
Funding Societies is a fintech platform in Southeast Asia focusing on loans for small and medium enterprises (SMEs). The company aims to close the financing gap for SMEs by connecting them directly with private and institutional investors. This enables businesses to quickly attract capital for growth and development. In Indonesia, where SMEs account for approximately 97% of total employment, Funding Societies plays a crucial role in stimulating economic growth and job creation.
Thanks to your investment, Funding Societies makes a significant impact in Indonesia, strengthening the local economy.
Funding Societies op Lendahand
- 31st project by Funding Societies
- 8.6 million euros funded by the Lendahand crowd
- No payment delays: 7.1 million euros repaid on time
What social return could your investment generate?
Funding Societies has built a strong track record in the financing sector. Since its inception, the platform has provided over 2 billion USD in loans to thousands of SMEs in Singapore, Malaysia, and Indonesia.
A prime example of the impact of Funding Societies is Beleaf, a smart farming company founded by Amrit. Beleaf supports small-scale farmers by supplying them with quality seeds they only pay for after harvest. Additionally, Beleaf offers farmers income insurance against crop loss due to risks such as climate change and other unforeseen circumstances, ensuring their financial stability.
In its startup phase, Beleaf greatly benefited from the growth financing provided by Funding Societies. Four years later, Beleaf is a scale-up attracting larger financing rounds and continues to work with Funding Societies. Amrit shares more about this in the online interview with Lendahand.
What financial return could your investment generate?
- An annual interest rate of 6%.
- The maturity of the loan is 18 months.
- Your investment will be repaid in equal instalments, along with interest, every six months.
- With an investment of 1,000 euros, your expected return would be 1,060 euros.
- Currency: EUR
The story of Funding Societies
Funding Societies makes financial services accessible to small and medium-sized businesses in Southeast Asia, including Malaysia, Indonesia, Vietnam, Thailand, and Singapore. Their goal is to close the 320 billion dollar financing gap, promoting economic growth and prosperity. An investment in Funding Societies not only supports the financial platform but also enhances economic and social opportunities in the region. Watch the interview with Vikas, COO of Funding Societies, below.
Company name | Funding Societies |
CEO | Kelvin Teo |
Founded | 2016-11-21 |
Location | Singapore |
Sector | Financial services |
Turnover | €9,200,000 |
Employees | 600 |
Credit score | B+ |
Impact
SMEs comprise about 60% of Southeast Asia's GDP and provide most jobs, but they face a $320B financing gap. Funding Societies has stepped in to bridge this gap, financing over €815 million through more than 3 million business loans in the last five years. Their focus lies in short-term credit, typically under 12 months, tailored to meet the needs of SMEs.
The impact of their loans is significant. About 76% of SMEs use their loans for working capital. Many acknowledge that this financing was essential to keep their businesses open and maintain their workforce. Furthermore, Funding Societies fosters women's economic empowerment by supporting female entrepreneurs, who comprise 24% of their borrowers.
Investing in Funding Societies on Lendahand promotes financial inclusion and social mobility in Southeast Asia, more specifically in Indonesia and Vietnam. With Funding Societies, you can contribute to regional development and make a real difference in people's lives.
SDGs impacted
With this project, you are contributing to the following Sustainable Development Goals:
SDG 1 - No poverty
SDG 8 - Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
Related blog posts
Read the introduction of Funding Societies as an investment opportunity here.
Want to learn more about Funding Societies? Read our email interview with CEO Kelvin Teo here.
Curious about the impact Funding Societies and Lendahand create together? Watch our interview with Funding Societies’ COO and impact manager, Vikas, here.
- With this investment 6 jobs are created
- With this investment 42 lives are improved
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